(a) to provide any of its directors with funds to meet vouched expenditure properly
incurred or to be incurred by him or her—

(i) for the purposes of the company, or

(ii) for the purpose of enabling him or her properly to perform his or her duties
as an officer of the company,

or

(b) to enable any of its directors to avoid incurring such expenditure.

(2) Where a company enters into any transaction that is permitted by
subsection (1), any liability falling on any person arising from any such transaction shall be discharged
by him or her within 6 months after the date on which it was incurred.

(3) A person who contravenes
subsection (2) shall be guilty of a category 4 offence.